The shareholders of Orient Bank Limited have entered into an agreement with I&M Holdings Plc for the sale of 90% of the issued share capital of Orient. The transaction is subject to conditions including regulatory approvals from the Bank of Uganda, Central Bank of Kenya, and Capital Markets Authority of Kenya.

Upon completion of the transaction, the remaining 10% shareholding shall be held by Ketan Morjaria (a founding member of Orient Bank) and Alemayehu Fisseha.

Orient Ban...